Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Chatham Lodging Trust shares valued at $94,560 were purchased by CRAVEN DENNIS M on Jun 10 ’24. At $7.88 per share, CRAVEN DENNIS M acquired 12,000 shares. The insider’s holdings grew to 110,943 shares worth approximately $0.93 million following the completion of this transaction.
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As published in a research note from Oppenheimer on July 20, 2023, Chatham Lodging Trust [CLDT] has been rated down from an Outperform to a Perform. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in late April. As of September 01, 2021, Barclays has increased its “an Equal weight” rating to a “an Overweight” for CLDT. Earlier on August 04, 2021, B. Riley Securities upgraded its rating. Their new recommendation was “a Buy” for CLDT stock which previously was a “a Neutral”.
Analyzing CLDT Stock Performance
During the last five days, there has been a surge of approximately 1.33%. Over the course of the year, Chatham Lodging Trust shares have dropped approximately -21.55%. Shares of the company reached a 52-week high of $11.10 on 01/23/24 and a 52-week low of $7.60 on 06/10/24. A 50-day SMA is recorded $8.39, while a 200-day SMA reached $9.04. Nevertheless, trading volume fell to 0.98 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Chatham Lodging Trust (CLDT)
According to the 24-hour chart, there is a support level at 8.23, which, if violated, would cause prices to drop to 8.04. In the upper region, resistance lies at 8.55. The next price resistance is at 8.68. RSI (Relative Strength Index) is 54.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 28.42%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
